RSM Australia

Tax insights

Tax Insights

Division 7A or Doomsday

31 October 2018
Treasury Releases Consultation Paper

Satyam Computer Services v ATO: international tax war intensifies

25 October 2018
Satyam Computer Services has returned to the Australian Courts to again contest Australia’s taxing rights over fees paid by Australian customers for IT/technical services performed by Satyam employees based in India.

Integrity approach to small business CGT concessions adds layers of complexity.

15 October 2018
After careful deliberation, the Bill limiting access to the Small Business Capital Gains Tax (CGT) Concessions, Treasury Laws Amendment (Tax Integrity and Other Measures), was passed in Parliament on 20 September 2018.

Corporate tax rates – what lies beneath, a set of steak knives perhaps?

12 October 2018
A joint media release by PM Scott Morrison and Treasurer Josh Frydenberg announces more changes to corporate tax rates.

Australia takes the next step to taxing the digital economy

11 October 2018
The Australian Treasury released a discussion paper in early October 2018 to inform a consultation about whether, and if so, how Australia could introduce an ‘interim measure’ to tax sectors of the digital economy. 

Understanding the instant asset write-off for farmers and small business

20 September 2018
Australian business owners rejoice – legislation extending the well regarded instant asset write-off program has been passed. 

ATO denies deduction: The case for critical comparisons when establishing precedent

13 September 2018
When landmark ATO cases come to mind there is no doubt that the decision handed down by the High Court in FCT v Myer Emporium Ltd (1987) 18 ATR 693 (Myer) would make the top ten.

What foreign owners of residential property need to know about lodging their annual return

4 September 2018
In late 2017, the Australian Federal Government introduced an annual vacancy fee to be levied on  foreign owners of residential property, where the property is not occupied or generally available on the rental market for at least 6 months in a 12 month period. 

How the PM’s defeat impacts corporate tax rates

24 August 2018
Following the proposal for reduced tax rates for corporate entities in 2016, the Treasury Laws Amendment (Enterprise Tax Plan No 2) Bill 2017 (the Bill) was ultimately defeated in the Senate on 23 August 2018 by a vote of 36 to 30. 

Foreign incorporated companies and changes to the tax ruling - What you need to know.

20 August 2018
Most will remember the 2016 High Court ruling in the case of Bywater Investments Limited.